| 
April 16, 2023Tentatively higher from an earlier low of $0.088, Dogecoin is up to $0.09 today, adding $0.001, or 0.69%, to today's closing price of $0.089.
Although up today, early price action saw Dogecoin dropping below its 3 day Simple Moving Average at $0.088 — an early indicator that a new downward trend could be emerging. DOGE price action is currently oscillating around the $0.09 resistance level with prices moving above and below several times during the session.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Dogecoin is set for a reversal in the coming days.
Dogecoin shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Cosmos USD improves 2.55% to trade around $12.71.
Meanwhile, NEAR Protocol closed at $2.28 (down 1.84%).
Approximately 11 months ago, Dogecoin reached a significant high of $0.153 but has struggled to hold onto its gains and declined 42.03% since then. DOGE is currently trading with a market cap of 12.45 billion with an average daily volume of 862.90 million.
